Tanalys

Gold spot ST: bullish bias above 1129.

Pivot: 1129

Our preference: Long positions above 1129 with targets @ 1191 1205 in extension.

Alternative scenario: Below 1129 look for further downside with 1097 1073 as targets.

Comment: A support base at 1129 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1230 *

1205 **

1191 **

1135.36 Last

1129 ***

1097 **

1073 *

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